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DETAILED BUDGET SHEET 5: Grant- Funded Equipment. <br />This budget sheet should be completed if any expenses are entered for equipment on <br />Line 5 of your Grant Budget Summary. <br />Equipment includes all non - construction related, tangible property having a Yn& cost <br />of $1,000 or more, with an estimated useful life of over one year. <br />In the space below, please describe the types of equipment you intend 'to, purchase °. <br />with grant funding, providing 'as many specifications as possible at this; time: <br />We plan to purchase a Vermeer turbo brush chipper with a Perkins 4.2 diesel engine <br />Model.Number 1250 for a,cost of.$22,500.0O. 'We expect the life-of the brush <br />chipper`'to be four (4) years <br />A <br />Resolution No. 96 -005, ratifying the execution of an application to the <br />Ark -Tex Council of Governments in cooperation with the Texas Natural <br />Resource Conservation Commission for a FY 1996 Solid Waste Grant, <br />Category 4: Other Solid Waste Management Projects, in the amount of <br />$24,322.92, being approximately 44% of the estimated cost of the <br />proposed projects, with the City of Paris providing $41,786.84 in funds <br />and $5,531.20 monetary equivalent, in the form of in -kind services, was <br />presented. A motion was made by Councilman Bell, seconded by <br />Councilman Neeley for approval of the resolution. The motion carried 6 <br />ayes, 0 nays. <br />721 <br />